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Oct 8, 2012 9:00am EDT
in power coming up in china. typically there is inaction on the part of the government in terms of huge programs where it be stimulus or not. many expect you may not get something substantive still march. there's also a great deal concern about the financial system. you hear it a lot. we all talk about the lack of validity of many of the statistic that is we still rely on. but within the financial system itself, where the debt really is, a number of metrics that are followed and thought to be worthy of following are not looking great. there's continued concerned. >> we're running smack into -- our companies have to tell the truth. but there's a huge cohort of companies in our company that don't need a whole lot of growth. so we're funneling into winners and leaving aside cyclicals as losers. >> world bank goes from 8.2 to 7.7. if you think 5 to 6 is the real number, should we be bracing for more -- >> yeah. look, these guys want to do everything incremental but the data's bad. i saw someone recommending gm today on strength of china sales. everyone wants to get ahead of the turn. but no
Oct 10, 2012 9:00am EDT
was the top of that. when they decided that joel klein representing the u.s. government in anti-trust when they decided he was one more civil servant, that was the top. government plays for keeps, and never mess with the person who works because they care, i suppose, for the money. >> unlimited check and a lot of lawyers. >> one certain wells fargo lawsuit? >> i thought that was a very -- wells fargo, i think the world of management there has stunk but michael corleone explained to us earlier when he saw that man blow himself up in cuba you cannot go against people who play for free and care, that was still one more great business lesson from the godfather, the greatest business movie of all-time, "godfather ii" the good to great, great to better. "you broke my heart." >> we'll talk more about wells and get more clarity on the quarter, david, coming up on friday. >> yes. >>> meantime after surging 40% this year, home depot getting a downgrade. we'll talk to the analyst making that call. >>> also ahead wall street and main street waiting for apple's mini version of the ipad. does it have so
Oct 12, 2012 9:00am EDT
. government still in charge. >> have financials topped out for the year, jim? >> no. look, i think what's going to happen is, people are going to come back, the group is this the group -- historically inexpensive. if we get more sprints and more work days, we get more global business coming back, i think people will say, wait a second, why did i get rid of the business? wells fargo, by the way s going to own america's mortgage market. is there a point where you have 40% of the mortgaging services and don't make a lot of money? 30% of the mortgage market, never supposed to happen. the founding fathers are rolling over in their grave wells fargo was able to get 30%. they're rolling in their grave -- yesterday i was talking about land's grave and mal's grave, and now the founding fathers graves. >> go wherever you need to go. >> thank you. >> you're welcome. >> wells was disappointing. i would love to see wells was great but then i would be dissemb dissembling. >> the financials is a group trading a 20% over the market. to your point, despite the run, trading at a discount to the markets.
Oct 9, 2012 9:00am EDT
. did you notice christine laguard sounding by bernanke making a point in the report that governments need to act to fix the economies. if we don't get the improvement there, we are in trouble. let me move on to talk about owens-corning, i have been covering this 20 years. i'm the son of a home builder and we bought a lot of fiberglass insulation from owens-corning over the years. it's a tricky company to cover because it is only partly tied to new home sales. they have this fabulous fiberglass insulation division that everybody sees when new houses go up in between the beams they put up. that's a big part of their business tied to new home sales but the other parts aren't tied to new home sales. so the roofing division, for example, yes, they can put new homes with roofs on them, but the big money there is replacement roofing. and in replacement roofing they have a fabulous 2011 because there were a lot of storms around the country. so business shot right up. so the margins or rather the comparisons to a 2011 don't look that good because the storms haven't been that great. they have
Oct 11, 2012 9:00am EDT
scared off by government concern that the deal would be stopped. that they would not be. by the way, having softbank in there as well certainly couldn't have helped things either. that complicates things. but t-mobile was a part of these discussions from what i understand when they began this summer. eventually it decided it could not bear the risk of an anti-trust review, worried given what happened with at&t it might happen again, therefore went and bought metro pcs. what's surprising to me is softbank still wanted to do it but apparently they did. these talks have continued. in fact i had been tracking what was, broadly speaking, i knew a potential deal out there. this is it. i can tell you without a doubt this has been going on for quite some time. >> softbank wants to be vodafone to sprint's verizon? conceivably? >> yeah. >> remember, it is -- verizon does not own all of verizon wireless. >> that is true. >> it would seem that sprint's stock is still undervalued on this and clearwe're may be already overvalued. >> again, we don't know price -- are sprint shareholders going to v
Search Results 0 to 4 of about 5